ICICI Bank drops on profit booking

ICICI Bank fell 1.99% to Rs 376.20 at 13:12 IST on BSE, with the stock sliding on profit booking after recent steep rally.

Meanwhile, the S&P BSE Sensex was down 117.59 points or 0.4% at 29,441.59.

On BSE, so far 2.33 lakh shares were traded in the counter as against average daily volume of 4.73 lakh shares in the past one quarter.

The stock hit a high of Rs 381.65 and a low of Rs 375.65 so far during the day. The stock had hit a record high of Rs 393.30 on Wednesday, 28 January 2015. The stock had hit a 52-week low of Rs 188.85 on 4 February 2014.

The stock had outperformed the market over the past one month till 28 January 2015, advancing 9.36% compared with the Sensex's 8.51% rise. The scrip had also outperformed the market in past one quarter, surging 19.86% as against Sensex's 9.96% rise.

The large-cap private sector bank has equity capital of Rs 1158.50 crore. Face value per share is Rs 2.

Shares of ICICI Bank had surged 13.85% in nine trading sessions to settle at Rs 383.85 yesterday, 28 January 2015, from a recent low of Rs 337.15 on 14 January 2015.

ICICI Bank's net profit rose 15.2% to Rs 2709.01 crore on 14.7% growth in total income to Rs 14888.95 crore in Q2 September 2014 over Q2 September 2013. The bank announces its Q3 December 2014 results tomorrow, 30 January 2015.

ICICI Bank is a leading private sector bank in India.

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